Catalyst Carriers Market worth 151.8 kilotons by
2023
According to a new market research report "Catalyst Carriers Market By Product Type
(Ceramics, Activated Carbon, Zeolites), Shape/Composition (Sphere, Porous, Ring,
Extrudate, Honeycomb), End-use Industry (Oil & Gas, Chemical Manufacturing,
Automotive), and Region - Global Forecast To 2023", published by
MarketsandMarkets™, the global market is estimated to be 121.2 kilotons in 2018 and is
projected to reach 151.8 kilotons by 2023, at a CAGR of 4.6%. The market is witnessing
growth due to the increasing use of catalyst carriers in the petroleum refining in oil & gas
industry. Stringent regulations associated with petroleum treatment is also expected to
drive the consumption of catalyst carriers during the forecast period.
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Ceramics is estimated to be the largest product type of catalyst carriers in 2018. Ceramics
include a broad range of chemical compounds that are solid and inorganic. They are mostly
metal oxides, nitrides, carbides, borides, and composite materials. Properties such as poor
conductivity, high melting temperature, appreciable hardness, low ductility, chemical
resistance, and high moduli of elasticity make ceramics the most abundantly used product
types in the manufacturing of catalyst carriers.
Based on shape/composition, sphere is estimated to be the largest segment of the global
catalyst carriers market in 2018. Spherical catalyst carriers are preferred over other
catalyst carriers as it provides higher stiffness, lower thermal expansion, increased
corrosion resistance, higher electrical resistance, and are lightweight than its counterparts.
Major manufacturers dominated in global market such as CeramTec GmbH (Germany),
Saint-Gobain (France), W. R. Grace & Co. (US), CoorsTek Inc. (US), Cabot Corporation (US),
Almatis GmbH (Germany), Sasol Ltd. (South Africa), Evonik Industries AG (Germany),
NORITAKE CO., LIMITED (Japan), and Magma Ceramics & Catalysts (UK).